stockcharts.com[m,a]daclyyay[dc][pb50!b200][vc60][iUb14!La12,26,9]&pref=G
The same chart showed that Rand-Gold is red hot. We had 180 degree opposite directions of S. A. golds in the US vs. S.A. market. I see this is a great opportunity to buy S. A. golds when people are scared and taking year-end tax losses. Furthermore, US dollar index only rose slightly due to surge of Rand which has very little trade impact to the US economy. So don't be confused by today's small bump. the major trend of dollar is still down.
Please read this news from S. A.:
Weak rand sees JSE at long-term high
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By Alison Maltz
The JSE Securities Exchange soared to its highest close since July last year on Friday, led by resources stocks, which took off on the back of a weaker rand.
Buying flowed through to the rest of the market and advancers outnumbered decliners on the all share index by almost three to one.
The all share index closed 1.33% stronger. Resources roared ahead 2.88%, the gold mining index leapt 1.9% and the platinum mining index jumped 1.04%. Financials were 0.5% firmer. The all share industrial (-0.07%) and banks indices (+0.02%) were flat.
The rand was trading at 6.79 per dollar from around 6.73 when the JSE closed on Thursday, while gold was quoted at US$410.08 an ounce from $407.95/oz at the JSE's last close.
On the all share index, 85 shares were up, 46 were unchanged and 32 were down. Twenty-five of the 41 shares on the Top 40 index firmed, three were unchanged, while the rest fell.
Friday's gains took the all share index 4.56% into the black for the week. It is up 5.14% for December and 10.27% for the year.
This was also the first week the all share index ended above the psychological 10,000 level since mid-July 2002.
"The weaker rand pushed the market better. The rally was resources-driven, but overall it was a pretty quiet day," a dealer said.
He continued that volumes had dried up a lot due to the holiday season.
Many players had also done what they had to do during the December futures closeout on Thursday.
Some of the movements on the day were also due to a correction to more realistic levels after shares were pushed too hard on Thursday.
An example was London-listed beverages group SABMiller (SAB), which slipped 3.27% or 2.20 rand to 67.60 rand.
On the JSE's upside, London-listed beverages group Anglo American (AGL) added 3.63% or five rand to 142.60 rand and BHP Billiton (BIL) surged 4.13% or 2.25 rand to 56.70 rand.
Gold Fields (GFI) was the top performer on the gold mining index, gaining 2.62% or 2.20 rand to 96.21 rand. On the platinum mining index, AngloPlat (AMS) advanced 2.55% or seven rand to 281 rand.
Synthetic fuels group Sasol (SOL) was 1.05% or one rand stronger at 96 rand and diversified miner Kumba (KMB) rocketed 7.01% or 2.49 rand to 37.99 rand.
Strong performers on the industrial market included pulp and paper producer Sappi (SAP), which was up 3.47% or 2.20 rand at 89.50 rand. Brand management group Barloworld (BAW) was 3.27% or 2.20 rand better at 69.50 rand and telecommunications group Telkom (TKG) surged 3.82% or 2.40 rand to 65.20 rand.
Food group Tongaat (TNT) blasted off. It was up 7.06% or 2.15 rand to 32.60 rand.
On the financial front, London-listed Old Mutual (OML) was up 1.68% or 19 cents at 11.50 rand and Liberty International Plc (LBT) was 2.54% or 1.99 rand stronger at 80.30 rand.
Banking group ABSA was 1.08% or 45 cents in the black at 42.30 rand and Liberty Group gathered 2.95% or 1.49 rand to 52 rand.
Investec Plc (INP), which has had a strong run recently, plunged 6.32% or 8.50 rand to 126 rand and Investec Ltd (INL) lost 2.62% or 3.50 rand to 130 rand.
Nedcor (NED) weakened 2.6% or 1.60 rand to 59.50 rand.
Food group Tiger Brands (TBS) retreated 3.68% or 2.90 rand to 76 rand and Swiss-listed luxury goods group Richemont (RCH) was off 11 cents at 15.46 rand after tumbling over 2% in Zurich.
Value traded 2.534 billion rand
Volume traded 129.150 million shares
Five most active shares by value traded:
Anglo American 142.60 rand up 5.00 rand
BHP Billiton 56.470 rand up 2.25 rand
Sappi 89.50 rand up 3.00 rand
Sasol 96.0 rand up 1.00 rand
Impala Platinum 570.00 rand unchanged
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